Updated: Dec 2, 2022
*Accuracy rating update: 100% or 13/13 predictions correct*
There was a gap down overnight and there’s a prominent bottom in the pre-market. There’s a possible holding pattern around the open. An agreement between two leaders is highlighted here. I’m advised to be prudent in the first half hour. There’s a cooling trend around 10:00 a.m. and then there’s a cash out opportunity between 10:00 a.m. and 11:00 a.m. There's a low around 11:00 a.m. Should we be in a low, this is a good opportunity to open some calls. Between 11:00 a.m. and 12:00 p.m. we have a move to the upside and we successfully turn resistance into new support. There’s then a notable move higher, either from being oversold or to fill a previous gap down. We’ll see a minor crest around noon. Between roughly 1:00 p.m. and 2:00 p.m., there’s a failed attempt to break a key resistance level followed by a decline through key support. There’s a notable amount of price movement around this time. We have a big move to the upside between 2:00 p.m. and 3:00 p.m. where we push the upper end of a range higher. There’s some sideways fluidity along a support level in the last hour. There’s three criss-crosses through the same price level confirming a bullish trend right around the close. In the post-market, we have sideways rotation that ends with a fast move to the upside. It looks as though the trade opportunity might end up appearing on the following day.
Sneak preview: A sharp dip within a period of volatility overnight or right around the open.